2022 Best Value Economics Schools for a Bachelor’s in Maine For Those Making $48-$75k
When it comes to choosing a college, students have a lot of options - but not all of them are good. College Factual has developed its “Best Value Economics Schools for a Bachelor’s in Maine For Those Making $48-$75k” ranking as one item you can use to help make this decision.
In 2019-2020, 48,831 people earned their degree in economics, making the major the 18th most popular in the United States. In 2017-2018, economics graduates who were awarded their degree in 2015-2017, earned an average of $47,295 and had an average of $21,978 in loans still to pay off.
Across Maine, there were 256 economics graduates with average earnings and debt of $61,300 and $19,397 respectively. At the bachelor’s degree level specifically, there were 248 economics graduates with average earnings and debt of $40,256 and $26,111 respectively.
This year’s “Best Value Economics Schools for a Bachelor’s in Maine For Those Making $48-$75k” ranking analyzed 5 colleges that offered a degree in economics. Not only do the schools that top this list have excellent economics programs, but they also cost less that schools of similar quality.
When determining these rankings, we looked at things such as overall quality of the economics program at the school and the cost to attend the school once aid has been awarded. Check out our ranking methodology for more information.
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Since the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Best Value Economics Schools for a Bachelor’s in Maine For Those Making $48-$75k” list, to help you choose the best school for you.
We’ve created a tool called College Combat that lets you create your own customized comparisons based on the factors that matter the most to you. We encourage you to try it out and pit your favorite colleges and universities head to head! If you don’t have time right now, you can bookmark it for later.
Best Value Economics Schools for a Bachelor’s in Maine For Those Making $48-$75k
The colleges and universities below are the best for maine bachelor’s degree economics students whose families make $48-$75k.
Top 5 Best Value Bachelor’s Degree Colleges for Economics (Income $48-$75k) in Maine
Out of the 5 schools in the Best Value Economics Schools for a Bachelor’s in Maine For Those Making $48-$75k that were part of this year’s ranking, Colby College landed the #1 spot on the list. Colby is a private not-for-profit institution located in Waterville, Maine. The school has a small population, and it awarded 69 bachelors’s degrees in 2019-2020.
Colby also took the #3 spot in our “Best Economics Bachelor’s Degree Schools in Maine” ranking. The estimated yearly cost for Colby is $5,107 for maine bachelor’s degree economics students whose families make $48-$75k.
The student loan default rate at the school is 3.7%, which is quite low when compared to the national default rate of 10.1%. Since the school has a student-to-faculty ratio of 10 to 1, those pursuing a degree will have more opportunities to interact with their professors. With a freshman retention rate of 91%, the school does an excellent job of retaining its students.
Out of the 5 schools in the Best Value Economics Schools for a Bachelor’s in Maine For Those Making $48-$75k that were part of this year’s ranking, Bates College landed the #2 spot on the list. Located in Lewiston, Maine, this small private not-for-profit school awarded 71 degrees to qualified bachelors’s economics students in 2019-2020.
Bates also took the #2 spot in our “Best Economics Bachelor’s Degree Schools in Maine” ranking. It costs about $14,782 for maine bachelor’s degree economics students whose families make $48-$75k per year to attend Bates.
The low student loan default rate of 0.8% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%. Since the school has a student-to-faculty ratio of 10 to 1, those pursuing a degree will have more opportunities to interact with their professors. The school has an excellent freshman retention rate of 90%, which means students like the school well enough to return for a second year.
You’ll join some of the best and brightest minds around if you attend Bowdoin College. The school came in at #3 for the Best Value Economics Schools for a Bachelor’s in Maine For Those Making $48-$75k. Brunswick, Maine is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 63 students in 2019-2020.
In addition to being on our maine bachelor’s degree economics students whose families make $48-$75k list, Bowdoin has also earned the #1 rank in our “Best Economics Bachelor’s Degree Schools in Maine” ranking. The yearly cost to attend Bowdoin is $14,539 for maine bachelor’s degree economics students whose families make $48-$75k.
Students who start out at the school are likely to stick around. The freshman retention rate is 86%. The school has an impressive student loan default rate. It’s only 1.4%, which is much lower than the national rate of 10.1%. The impressive student-to-faculty ratio of 8 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
Out of the 5 schools in the Best Value Economics Schools for a Bachelor’s in Maine For Those Making $48-$75k that were part of this year’s ranking, University of Southern Maine landed the #4 spot on the list. University of Southern Maine is a medium-sized public school situated in Portland, Maine. It awarded 19 bachelors’s economics degrees in 2019-2020.
University of Southern Maine also made our “Best Economics Bachelor’s Degree Schools in Maine” list, coming in at #5. It costs about $12,684 for Maine Bachelor’s Degree Economics students whose families make $48-$75k per year to attend University of Southern Maine.
Read full report on Economics at University of Southern Maine
You’ll be in good company if you decide to attend University of Maine. It ranked #5 on our 2022 Best Value Economics Schools for a Bachelor’s in Maine For Those Making $48-$75k list. UMaine is a fairly large public school situated in Orono, Maine. It awarded 26 bachelors’s economics degrees in 2019-2020.
UMaine also made our “Best Economics Bachelor’s Degree Schools in Maine” list, coming in at #4. It costs about $17,218 for Maine Bachelor’s Degree Economics students whose families make $48-$75k per year to attend UMaine.
The school has an impressive student loan default rate. It’s only 4.8%, which is much lower than the national rate of 10.1%.
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Notes and References
References
- The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of our data about colleges.
- Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
- Information about the national average student loan default rate is from the U.S. Department of Education and refers to data about the 2016 borrower cohort tracking period for which the cohort default rate (CDR) was 10.1%.
Read more about our data sources and methodologies
Footnotes
- *Average salary, average net price, and average tuition and fees are for the top schools only.
- Some schools otherwise deserving of recognition may have been removed from this ranking in the event that new data identified post-publication warranted it, or at the request of the school.
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